EUR/JPY ââ,¬â€œ EURJPY has reached the 150.00 figure again as the pair spent September in a 147.50-150.70 range.  The pair challenged the 9/19 high at 150.24 this morning but has since backed off to 150.00.  The month long range is either a consolidation before another push higher or a distribution before a reversal lower.  Momentum divergence at each high since March favors the latter.  A break above 150.71 targets the 161.8% of 140.89-124.12 at 151.23.  A break below 147.54 exposes the 7/31 low at 145.71.

EUR/CHF ââ,¬â€œ The EURCHF retraced a little more than 61.8% of the decline from 1.5965 to 1.5753 to 1.5896 and has since fallen off to just below 1.5850.  Short term momentum is down as evidenced by negative sloping oscillators on the 240 minute chart.  Fridayââ,¬â"¢s long bearish wick favors weakness as well.  Significant support is not until the 9/25 low at 1.5753.  A push above 1.5896 negates the bearish interpretation of price action and exposes the 9/15 high at 1.5965.

EUR/GBP ââ,¬â€œ EURGBP rallied to the 38.2% of .6958-.6682 at .6790 on Friday but came off to finish the week at .6769.  Hourly oscillators remain bullish and favor a continuation of the rally from the bottom of the 2 year and 3 month triangle.  However, intraday oscillators are overbought and point to a corrective move lower first.  Initial support is this morningââ,¬â"¢s low at .6758.  A rally above .6790 probes the confluence of the 9/11 high / 50% of .6958-.6682 at .6818/20.   

Jamie Saettele is a Technical Currency Analyst for FXCM.